Wednesday, 9 December 2015

Job ads send "positive signals"

ANZ released its job advertisements data series which "continues to send positive signals about the current state of the economy."

Job advertisements rose by 1.3 per cent in November to a seasonally adjusted 156,187, with the services sector a standout performer.

Public sector hiring has picked up - reflected in very promising looking data for the Australian Capital Territory - while the strength in hiring in the services sector mirrors what was suggested by the national accounts for the thrid quarter.

Trend job advertisements have now been rising steadily for more than two years.

Despite the increase in advertisements, ANZ sees unemployment broadly tracking sideways at 6 per cent through 2016, although ANZ notes that "job ads are signalling that employment growth could remain strong for a while yet and unemployment could decline a little."